On the eve of the UN Global Summit on Fraud in Austria, eight major technology companies have signed an agreement to jointly combat online crime. The document was signed by Google, Microsoft, LinkedIn, Meta, Amazon, OpenAI, Adobe and Match Group – the parent company of dating apps Tinder and Hinge. According to Axios, the document was called the “Agreement on Online Services Against Fraud”. This was reported by Mediasat.info, the PromPolitInform portal reports.
The agreement aims to establish common industry standards for combating fraud and form a single position of the IT business together with governments, law enforcement agencies and non-governmental organizations. The document defines how the signatories will act in the online environment to counteract fraudulent schemes.
The commitments cover several key areas. The companies agreed to more actively exchange information about criminal networks – both among themselves and with law enforcement agencies. It is also planned to disseminate experience in detecting and preventing fraud through large international forums and introduce new protective tools, including systems based on artificial intelligence. Separately, there is talk of strengthening checks of financial transactions on their own platforms and creating convenient channels for users who have encountered fraud.
In addition to technical measures, the signatories intend to call on state authorities to officially recognize fraud prevention as a national priority.
It is worth noting that participation in the agreement is voluntary, and no sanctions are provided for failure to fulfill obligations. At the same time, most companies, even before signing the document, exchanged information with each other in specific cases. This agreement will make such interaction systematic – beyond isolated incidents.
Google’s vice president of consumer trust and safety, Karen Currington, stressed that the company cannot tackle fraud alone. “We need other industry professionals to join forces to fight fraud more collectively,” she said.
